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cheap party cho is going to dwarf tea party one if obama pushes this off the cleric . tea party to really tea party to is it probable i mean is there that much reserve crazy out there in the republican right wing a sphere well yeah i mean there's certainly enough there loud enough and dumb enough sure but i don't think they'll have the impact that the original keep your party had because it's a different world now you know at the time you know they can get angry and stomp their feet and the country could sort of relate to it because they were still feeling that you know the bush recession misery that's going away now and you know hopefully will continue to go away and so you know what when these people say that the sky is falling and people aren't feeling it you know it'll be all the more apparent i mean they've already lost the argument and i don't think anything's going to happen it's going to it's going to be with them that argument well boehner came out today and say ok you you know the president you you said how you want to raise taxes and told us if we want to cu
cheap party cho is going to dwarf tea party one if obama pushes this off the cleric . tea party to really tea party to is it probable i mean is there that much reserve crazy out there in the republican right wing a sphere well yeah i mean there's certainly enough there loud enough and dumb enough sure but i don't think they'll have the impact that the original keep your party had because it's a different world now you know at the time you know they can get angry and stomp their feet and the...
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/clint or clinton/obama. so that talk is going to keep going. >> what a ticket. >> it would be a great ticket. >> she's a young woman. she's only in her late 40s right now. so a long way to go. >> right. >> allison samuels, thank you. the book is, "what would michelle do?" >>> if you are in a home right now, it's called the home mortgage interest tax deduction. it let's you and millions like you deduct the interest that you pay to your mortgage company. it can be taken for interest on mortgages up to $1 million for a first or second home and interest up to $100,000 in home equity loans. but as deep-seed lawmakers lock horns of ways to cut spending and increase revenues, there's a chance that tax break, which costs the government $100 billion a year, could vanish. a columnist, financial advice blog, ask the money coach joining me right now. this is a red flag for so many people around the country and as we come up on the end of the year. who benefits most from this deduction? >> well, homeowners, of course. if
/clint or clinton/obama. so that talk is going to keep going. >> what a ticket. >> it would be a great ticket. >> she's a young woman. she's only in her late 40s right now. so a long way to go. >> right. >> allison samuels, thank you. the book is, "what would michelle do?" >>> if you are in a home right now, it's called the home mortgage interest tax deduction. it let's you and millions like you deduct the interest that you pay to your mortgage...
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presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house
presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total...
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obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, he's not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that, and boehner is trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only
obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true....
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because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> okay. there are a couple things to unpack here. i want to go back to this question -- i think what i'm confused about is this kind of game of smoke and mirrors that seems to be playing out on the right. and i ask you again, is closing a loophole and ending a deduction the same thing as raising taxes? >> you have to look at the whole package. i mean i would think if you're going to -
because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real...
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they're stunned because they hate obama and only talk to other republicans who also hate obama. get it? they're in this bubble and when the bubble bursts, they start to cry. >>> finally, let me finish with how the nobodies finally won, and this is "hardball," the place for politics. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announce
they're stunned because they hate obama and only talk to other republicans who also hate obama. get it? they're in this bubble and when the bubble bursts, they start to cry. >>> finally, let me finish with how the nobodies finally won, and this is "hardball," the place for politics. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in...
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president obama said it's not the time to sit down. that essentially these gothss are getting hammered out behind the scenes. you had the white house congressional holiday party last night, and according to multiple sources who were there, house speaker john boehner and the president didn't even speak. the house speaker didn't get in line to shake hands with the president, to greet him. i have spoken to sources within his office who say there were a lot of people there and he sees the president all the time, but it's a sign that these negotiations at least at their top levels have come to a bit of a stand still and that is something that is causing a lot of people concern tonight. >> it's a shame he isn't offer that courtesy to the president. the president has sate the current proposal is unbalanced, but with speaker boehner now being attacked by people within his own caucus, as you know, does this not suggest he probably won't be able to do any better, and i guess that must mean we're going to get to the end of the year and go over th
president obama said it's not the time to sit down. that essentially these gothss are getting hammered out behind the scenes. you had the white house congressional holiday party last night, and according to multiple sources who were there, house speaker john boehner and the president didn't even speak. the house speaker didn't get in line to shake hands with the president, to greet him. i have spoken to sources within his office who say there were a lot of people there and he sees the president...
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it's amazing how bold they are or maybe how stupid they are and to the gop, obama's re-election clearly meant nothing at all. it's almost as if neither side realizes how many people are simply just playing for dinner here, trying to put dinner on the table. now they got to deal with this morass in washington. while i'm optimistic if congress and the president cancel their vacations, remember, no vacation without legislation and stay to avert the cliff. i'm worried that they're sworn to not compromise. i'm worried that rising above is anathema to democrats and repugnant to the republicans as the phrase, grover, hide your ears, higher taxes. here's the bottom line. a new school which says the cliff jump won't be that bad has now entered the fray. i'm still hoping we don't go over the cliff. but i can't be sanguine if we do. i think it means that the stock market will get hammered even as it might bounce back if the austerity is lifted by a dreaded, hated compromise that both sides seem to despise. i have a list of ten stocks that would be the bounce-backers. you got to stay tuned for thos
it's amazing how bold they are or maybe how stupid they are and to the gop, obama's re-election clearly meant nothing at all. it's almost as if neither side realizes how many people are simply just playing for dinner here, trying to put dinner on the table. now they got to deal with this morass in washington. while i'm optimistic if congress and the president cancel their vacations, remember, no vacation without legislation and stay to avert the cliff. i'm worried that they're sworn to not...
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she keeps showing up. >> barack obama is a socialist. he believes in socialism in redistributing health in confiscating hard-earned dollars of our small businessmen and women so they cannot reinvest their dollars and hire more people and expand. barack obama has not had a budget in the four years he has been in office and not been worried about it and continues to spend recklessly other people's money, and that is a sign of that idea of loving socialism. >> stephanie: okay. i think we can confirm it now, she gets paid by the word. [ bell chimes ] [ applause ] >> stephanie: i'm working on a book right now the publicer gives you a world count. i think that's what happens. she is literally filling out the blue book. >> socialism. fill his socialistic socialism -- >> stephanie: and all and forward short also socializing with the -- okay. >> it was really hard to find -- >> small business -- >> stephanie: there is no edit -- >> that's why it went a little bit longer than usual. it was hard to find an edit point to take it out -- >> stephanie:
she keeps showing up. >> barack obama is a socialist. he believes in socialism in redistributing health in confiscating hard-earned dollars of our small businessmen and women so they cannot reinvest their dollars and hire more people and expand. barack obama has not had a budget in the four years he has been in office and not been worried about it and continues to spend recklessly other people's money, and that is a sign of that idea of loving socialism. >> stephanie: okay. i think...
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the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with t
the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax...
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. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national governors association executive committee. a diverse group. he carried three states he represents and governors include scott walker, leader of conservative government reform movement going after public employee pensions and shrink government obligations that way. governors are pragmatic. the president is trying to make the case if you look at polls and revenue needs of the government and ageing of our population, the pragmatic thing to do is trim entitlements. the significance of speaker boehner's offer yesterday he put specifics on entitlements on the table. they are significant raising the medicare eligibili
. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national...
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we mean, everybody, the president, barack obama, actually wrote that one. our money embroiled in fiscal cliff. >>> still ahead on "starting point," what's next for hillary clinton when she leaves the administration. mayor clinton? >> probably not. >> new york city is looking for a mayor. >> maybe something with a little more beach front property the next few years before thinking about iowa. >> i don't know. you're watching "starting point." we'll take some guesses. 0 calor? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. point." this just in, a school bus carrying children has crashe
we mean, everybody, the president, barack obama, actually wrote that one. our money embroiled in fiscal cliff. >>> still ahead on "starting point," what's next for hillary clinton when she leaves the administration. mayor clinton? >> probably not. >> new york city is looking for a mayor. >> maybe something with a little more beach front property the next few years before thinking about iowa. >> i don't know. you're watching "starting point."...
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obama was a lecturer at the law school. mrs. obama was an executive there. the daughters went to the school. close friend of the couple was the chairman of the board. we could go on and on and on. even susan is an executive there now. and their donor community, some of them are on or have been on the board and their house is near campus. >> bill: it is a great university. >> david axelrod is launching his own institute of politics there formerly opens in january. so it would seem that if there's going to be -- if you're going to put it anywhere, this is the most logical place to put it. but obama also told jonathan alter in his book on the first year that he was even thinking of maybe a virtual library but there's going to be a brick and mortar place someplace. it may not be the scale of the kennedy library or clinton but it is interesting that now we know the timetable. we know the unveiling. this breaks out in the open more. i bet obama will not look forward to the massive fund raising that goes along with these places. >> bill: i want to put in my pitch,
obama was a lecturer at the law school. mrs. obama was an executive there. the daughters went to the school. close friend of the couple was the chairman of the board. we could go on and on and on. even susan is an executive there now. and their donor community, some of them are on or have been on the board and their house is near campus. >> bill: it is a great university. >> david axelrod is launching his own institute of politics there formerly opens in january. so it would seem...
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and obama would be remiss not to try. go ahead, eugene. >> obama has talked about -- he phrased it as breaking the fever, i think, at one point. this sort of solid wall of adamanting opposition to any sort of tax rate increase ever in the house has been seen as a problem to him from day one. and coming off the election, he's in a stronger political position than he's been in before. his incentive is not to rush into the room, his strength is out among public opinion where that's friendlier terrain for him. whereas once they get in the room, of course, republicans still have power, still have control of the house. >> yeah. >> so there's no great incentive for him to rush to compromise at this point. >> gene, why is -- why is raising the top marginal rate so important to the president as well as liberals across america? why -- explain why the is that so important? >> well -- >> and i'm talking specifically the top marginal rate. not taxes on the rich. because the rich have been skating by for too long. i've said it it's imm
and obama would be remiss not to try. go ahead, eugene. >> obama has talked about -- he phrased it as breaking the fever, i think, at one point. this sort of solid wall of adamanting opposition to any sort of tax rate increase ever in the house has been seen as a problem to him from day one. and coming off the election, he's in a stronger political position than he's been in before. his incentive is not to rush into the room, his strength is out among public opinion where that's...